KEY STEPS

The Munich Climate Insurance Initiative (MCII) was launched by Munich Re in April 2005 in response to
the growing realisation that insurance-related solutions can support the adaptation to climate change
advocated in the Framework Convention and Kyoto Protocol. This initiative brings together insurers,
experts on climate change and adaptation, NGOs and policy researchers intent on finding solutions to
the risks posed by climate change. MCII provides a forum and gathering point for insurance-related
expertise on climate-change impact issues.

MCII has four objectives:

To facilitate insurance-related solutions to help deal with the impact of climate change

To conduct and support pilot projects for the application of insurance-related solutions

To promote insurance-related approaches in cooperation with other organizations and initiatives

To identify and promote loss-reduction measures

Action Pledge

In line with its four objectives, MCII strives to support Parties with technical and other
information that will enable a sound discussion of the benefits of insurance mechanisms to facilitate
and realize adaptation to climate change, particularly in developing countries. MCII strives to see
an insurance mechanism in the Copenhagen Agreed Outcome. Additionally MCII promotes the greater use
of insurance mechanisms to help developing countries manage weather-related extreme events.

The following was provided as a contribution to and is summarised in the Nairobi work
programme publication "Action pledges: Making a difference on the ground. A synthesis of
outcomes, good practices, lessons learned, and future challenges and opportunities"